How To Retire Where You Want, How You Want, And When You Want (Even This Year)

Many, including, perhaps, you, are understandably concerned about retirement. How will you manage it?

Here’s how: Don’t retire. Retirement was last generation’s goal. Ours needs to see through it.

The dictionary defines “retirement” as a state of “being withdrawn from the rest of the world or from a former busy life…” Even if you could afford to do that, who’d want to?

After decades of working hard, paying taxes, raising kids, and setting aside what you wanted to do for what you had to do, this phase of life is a chance to be more engaged than ever, in the world, in life, and in the pursuit of happiness, to think big and to act boldly.

I propose unretirement, a time for broadening your perspective and your universe as your interests and imagination suggest. Unretirement is about participating in your world and your community in new and broader ways than your previous life allowed, meaning infinite opportunity for learning, for growing, for contributing, for reinventing, and for finding purpose.

The benefits of unretirement are big. Unretirement means:

Taking control of your life, your time, and your future…

Doing what you want when you want where you want…

Not being vulnerable to forces you can’t control. No Social Security COLA? No problem. No Social Security, period? Again, not your problem…

Being flexible and having fun…

Living an adventure…

Becoming more resourceful, more self-assured, and quicker on your feet… a better you…

Embracing a purpose…

Moving overseas could allow you to retire much sooner than you thought

Boiling this down and thinking practically, unretirement is about controlling your budget, controlling your income, and controlling your time.

You could unretire at any age and regardless of your current circumstances, financial or otherwise, and you could do it wherever you’re living at the time you decide to flip the switch to this new stage of your life. I propose, though, that unretirement is best pursued across borders. Moving to a new country can make retirement in any form possible when it otherwise might not be.

However, that leaves the big prizes on the table. An affordable cost of living, whatever that means for you, is only the first requirement for a successful unretirement. Even if you can afford to retire in the place where you currently are, you’ll have to work hard to be unretired there. Moving to a new country, you’d have to work hard not to be unretired.

The unretired life is about going out into the world to see what there is to see, to learn what you’ve time and interest to learn, making friends, establishing connections, and identifying ways to become part of and to contribute to your community while, if you want or need to, generating cash flow that helps to fund your unretired lifestyle while also giving you a reason to get up and go out into the world each day. Unretirement is about not cutting back, not backing off, and not slowing down, and, again, it leads to two big upsides—control and purpose.

I would argue that unretirement is nothing like conventional retirement. On the other hand, unretirement equals retiring overseas.

Because retiring overseas means taking control. It demands flexibility. It results in adventure. It necessitates resourcefulness and self-reliance. And it makes it much easier to find a reason to get out of bed each morning.

Here’s a secret about moving to a new country: You become instantly more interesting. Your new neighbors and friends, both the locals and your fellow expats, will find you fascinating if only because you’ll be different and new. You’ll be exotic, maybe even mysterious. Your ideas, experiences, anecdotes, and desires will be thought-provoking and stimulating rather than same old, same old, as they probably seemed back home.

Your skills, whatever they are, will be in demand and more valuable. Whatever you do, you could find yourself the best at it in your new situation.

Your circle of friends will be new, more eclectic, more diverse. Just as you’ll be new to everyone in your unretired overseas life, so, too, will everyone you meet be new to you.

Your move overseas will undoubtedly expose you to new people and new experiences

You’ll be immediately refreshed… and, at the same time, you’ll be becoming legitimately more interesting because you’ll be learning new things all the time. You’ll be stretching yourself every way every day. Six months after you’ve made your move, even you might not recognize the new-and-improved you you’ll have become.

One thing I can promise you about unretirement is that it’s not dull.

Forget about retirement. It’s yesterday’s challenge.

Instead, make a plan for unretirement.

Unretire now… and figure out how to make the money follow. One of the many upsides of unretirement is that it allows you to control your income in retirement, rather than living at the mercy of whatever nest egg you’ve managed to accumulate to this point.

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.